Today is the first day of the new tax year, and there have been a few changes to the way we pay tax.

Two changes to personal savings mean that most people will no longer pay tax on their savings interest. It means that banks and building societies will stop deducting tax from your account interest.

The person tax alliance has also risen £400, meaning the amount of money you are allowed to earn before income tax becomes payable £11,000. It will rise again to £11,500 the following year - on 6 April 2017.